EURUSD: Elliott wave analysis and forecast for 27.09.24 – 04.10.24

Highlights and key points Main scenario: consider long positions on corrections above the level of 1.1100 with a growth target of 1.1400 – 1.1600. A buy signal: if the price holds above 1.1100. Stop Loss: below 1.1050, Take Profit: 1.1400 – 1.1600. Alternative scenario: breakout and consolidation below the level of 1.1100 will allow the pair to continue declining to the levels of 1.0880 – 1.0773. A sell signal: once the level of 1.1100 is broken to the downside. Stop Loss: abov